Doncaster firm expands into the south

A fishing tackle retailer which was formed in Mexborough is to expand into the south of England with the purchase of Cotswold Angling.

Fishing Republic has raised £500,000 through a share placing to pay for the deal and to fund the opening of a new store in Crewe as it presses ahead with its national expansion plans.

Steve Gross, chief executive of Fishing Republic, said the acquisition of Cotswold Angling would establish a presence in the south of England and the new shop would complement the existing outlets in the north.

Both moves are part of a strategy to expand through acquisition and organic growth.